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Azerbaijan’s contribution allows reducing greenhouse gas emissions – minister

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Azerbaijan's contribution to the global efforts to combat climate change, as well as the use of modern technologies in electricity production, have reduced greenhouse gas emissions, Azerbaijani Energy Minister Parviz Shahbazov said.

Shahbazov made the remark at the official opening ceremony of the 11th Assembly of the International Renewable Energy Agency (IRENA) and a high-level panel meeting dedicated to "Energy transition to sustainable recovery in the post-pandemic period", Trend reports referring to the Azerbaijani Energy Ministry.

“Greenhouse gas emissions per capita in Azerbaijan are much less than in other developing and developed countries,” the minister added. “President of Azerbaijan Ilham Aliyev set a task to bring the share of renewable energy sources in the total investment capacity up to 30 percent by 2030.”

“Moreover, as a result of the signed orders, a favorable investment climate and conditions for attracting private investments and the implementation of large-scale projects are being created in Azerbaijan in various energy sectors,” Shahbazov said.

"A relevant bill has been drafted and cooperation has been established with the European Bank for Reconstruction and Development to organize auctions in the field of renewable energy sources,” the minister said. “The agreements on investments, purchase of energy and grid connection for the wind farm project have been signed with Saudi Arabia’s Acwa Power company while negotiations are being held with UAE’s Masdar company to sign final agreements on the solar power plant project."

“The liberation of the Azerbaijani territories opened up new opportunities for sustainable development in the region,” the message said. “In accordance with the instructions of the president, the "liberated territories" will be turned into zones of "green energy" and cooperation with international companies will be established in this sphere.”

The plenary meetings of ministers on national energy planning and application to facilitate the energy transition, increase financing for renewable energy sources, the path to carbon neutrality will be held with the participation of high-ranking officials on January 19-20.

Top managers and representatives of international organizations representing more than 180 countries attended the event, which was held in the format of a videoconference.

UN Secretary General Antonio Guterres, IRENA Director General Francesco La Camera and other officials, as well as Azerbaijani Energy Minister Parviz Shahbazov delivered opening speeches.

Such topics as the impact of the global pandemic on the global economy and the energy sector, global trends in the use of renewable energy sources, investments in this sphere, climate issues and the impact of policy on sustainable energy transitions were touched upon during the speeches.

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Azerbaijan to hold new auction for public property facilities

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The State Service on Property Issues under the Azerbaijani Ministry of Economy will hold a new auction on March 30, 2021, Trend reports referring to the ministry.

According to the ministry, 101 public property facilities, including 25 small enterprises and facilities, 36 vehicles, and 40 state share packages of joint-stock companies will be put up for the auction.

The service said that those wishing to participate in such auctions can not only place an electronic order for the selected object of the service but also join the online auction.

Interested participants can visit the Space for the provision of property services of the State Property Service of Azerbaijan on the day of the auction, as well as observe it without registration online.

All those wishing to partake in the auction on the official website of the service (emlak.gov.az) or on the privatization.az portal must, after registering, pay a deposit of 10 percent of the initial auction price of the object, thereby obtaining the status of the customer. On the day of the auction, bidding can be joined by selecting the section ‘Electronic auction’ on the e-services portal (e-emdk.gov.az).

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Azerbaijani Azerenerji reconstructing country’s second largest HPP

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Azerbaijan’s Azerenerji OJSC continues measures to eliminate the dangerous situation that has arisen in the reservoir of Shamkir hydroelectric power station, the second largest hydroelectric power plant in the country, Trend reports citing Azerenerji OJSC.

"In order to eliminate the emergency situation, repair work on this reservoir began in 2020, which is carried out by a local company together with experts from Azerenerji OJSC. Work is underway on the reconstruction, concreting, and repair of the reservoir. To date, 90 percent of the work has been completed. Reconstruction of the facility is planned to be completed in April 2021,” said the message.

“In particular, repair and restoration work was carried out at the hydraulic units of the Shamkir HPP, a major overhaul of a block autotransformer with a capacity of 330 kilovolts was carried out. Thus, the "lost" power is restored, the durability and reliability of the installation are increased. The reconstruction of the open switchgear of the Shamkir HPP and the SCADA dispatch control system is also underway,” said the company.

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Turkish president approves one more agreement with Azerbaijan

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Turkish President Recep Tayyip Erdogan has approved the ‘Preferential Trade Agreement between the Government of Azerbaijan and the Government of Turkey’, Trend reports.

The agreement has entered into force.

The document was signed in Baku on February 25, 2020.

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